Wolverine World Wide (NYSE: WWW) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 24 (Q1), Wolverine World Wide missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
 Wolverine World Wide reported revenue of $322.8 million. The 11 analysts polled by S&P Capital IQ expected to see sales of $332.5 million on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $330.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.64. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.64 for Q1 were 11% lower than the prior-year quarter's $0.72 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 41.0%, 60 basis points worse than the prior-year quarter. Operating margin was 11.4%, 350 basis points worse than the prior-year quarter. Net margin was 9.7%, 110 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $321.2 million. On the bottom line, the average EPS estimate is $0.48.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 148 members out of 157 rating the stock outperform, and nine members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Wolverine World Wide a green thumbs-up, and two give it a red thumbs-down.

Over the decades, small-cap stocks, like Wolverine World Wide have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.